Sukanya Samriddhi Yojana: Sukanya account holders should complete this work by next month, otherwise, the account will be closed!

Sukanya Samriddhi Yojana: The government has launched Sukanya Samriddhi Yojana for the future of daughters. This is an investment scheme. In this you can invest for your daughter’s education and marriage. In this scheme you have to maintain minimum balance every year. If you do not maintain the minimum balance in this scheme every year, your account gets frozen.

Many schemes are being run by the government for the bright future of daughters. One of these schemes is Sukanya Samriddhi Yojana. This is an investment scheme. In this you can invest for your daughter’s education as well as marriage.

Guaranteed returns are given by the government in Sukanya Samriddhi Yojana. If you are also availing the benefits of Sukanya Samriddhi Yojana, then let us tell you that you must deposit the minimum balance in Sukanya account before 31st March 2024. If you do not do this then your account will be closed. A fine will have to be paid to reopen the account.

Sukanya Samriddhi Yojana: What is the minimum balance?

Sukanya Samriddhi Yojana

It is necessary to deposit minimum balance within a financial year in Sukanya Samriddhi Yojana. If you do not do this then the account gets frozen and you also do not get the benefit of tax benefit. If you too have not deposited anything in Sukanya account in the financial year 2023-24, then you should deposit the minimum amount in the account as soon as possible.

In Sukanya Samriddhi Account, you have to deposit a minimum amount of Rs 250 in a financial year. In this you can deposit a maximum of Rs 1.50 lakh in a year. If the minimum balance is not deposited then the account will be frozen after which a fine of Rs 50 will have to be paid to restart the account.

Along with this penalty, you will also have to pay the minimum amount to activate the account. When the fine and minimum amount is deposited, the account will be activated. Apart from this, the government has also made Know Your Customer (KYC) mandatory. If you have not done KYC yet then you should complete this work as soon as possible.

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Sukanya Samriddhi Yojana: What is Sukanya Samriddhi Yojana?

The central government had started this scheme for the education and marriage of daughters. This is a government scheme. In this, you start investing for your daughter for 10 years from the time the daughter is born. In this scheme, 8 percent interest is given by the government.

This is a tax free scheme. This scheme matures in 21 years. However, when the daughter turns 18 years old, you can withdraw half the amount from Sukanya account. In this scheme you have to invest continuously for 15 years.

FAQs -:

1. How much money will I get after 21 years of Sukanya Samriddhi Yojana?

Ans -: If you deposit Rs 1,50,000 every year for 15 years in SSY account, then after 15 years you will get Rs 42.48 lakh. You will continue the SSY account till the end of the maturity period (21 years) without any additional deposits. On maturity you will get Rs 65.93 lakh.

2. Can I double my money in post office in 5 years?

Ans -: Kisan Vikas Patra is the post office scheme to double the money. According to this plan, you can double your investment in a period of 115 months or 9 years and 7 months. The interest payable on this scheme is 7.50%, and the minimum investment amount for this scheme is Rs. 1000.

3. What is 65 lakh scheme for girl child?

Ans -: There is no scheme like Rs. 65 lakh scheme for girls. However, there is a government-backed savings scheme called Sukanya Samriddhi Yojana (SSY) that can help you accumulate a corpus of up to Rs. 65 lakhs for your daughter’s future.

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